Cerity Partners LLC Reduces Holdings in Fluor Co. (NYSE:FLR)

Cerity Partners LLC reduced its position in Fluor Co. (NYSE:FLR - Free Report) by 25.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 47,956 shares of the construction company's stock after selling 16,073 shares during the quarter. Cerity Partners LLC's holdings in Fluor were worth $2,313,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. Clearbridge Investments LLC bought a new stake in shares of Fluor during the 4th quarter valued at about $25,056,000. Cookson Peirce & Co. Inc. bought a new position in shares of Fluor in the fourth quarter worth approximately $24,849,000. Artemis Investment Management LLP raised its stake in shares of Fluor by 49.1% during the fourth quarter. Artemis Investment Management LLP now owns 1,252,876 shares of the construction company's stock valued at $61,792,000 after acquiring an additional 412,312 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Fluor in the fourth quarter worth $13,130,000. Finally, Principal Financial Group Inc. increased its position in Fluor by 42.1% during the 3rd quarter. Principal Financial Group Inc. now owns 860,964 shares of the construction company's stock valued at $41,077,000 after purchasing an additional 254,904 shares during the period. Hedge funds and other institutional investors own 88.07% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on FLR shares. Barclays set a $40.00 target price on Fluor and gave the stock an "equal weight" rating in a research report on Thursday, February 27th. Robert W. Baird reduced their price target on shares of Fluor from $46.00 to $43.00 and set a "neutral" rating for the company in a research report on Thursday, April 3rd. Truist Financial reduced their price target on shares of Fluor from $60.00 to $45.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. DA Davidson decreased their target price on shares of Fluor from $65.00 to $55.00 and set a "buy" rating for the company in a research note on Wednesday, February 19th. Finally, StockNews.com raised shares of Fluor from a "hold" rating to a "buy" rating in a report on Thursday. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $49.43.

Fluor Price Performance

NYSE FLR traded up $0.44 on Friday, reaching $33.99. The company had a trading volume of 1,746,661 shares, compared to its average volume of 2,159,047. The company has a quick ratio of 1.77, a current ratio of 1.69 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $5.71 billion, a PE ratio of 2.79, a price-to-earnings-growth ratio of 1.36 and a beta of 1.66. Fluor Co. has a 12 month low of $29.20 and a 12 month high of $60.10. The firm's 50 day moving average price is $36.62 and its 200 day moving average price is $46.57.

Fluor (NYSE:FLR - Get Free Report) last released its earnings results on Tuesday, February 18th. The construction company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.30). The company had revenue of $4.26 billion for the quarter, compared to the consensus estimate of $4.42 billion. Fluor had a net margin of 13.14% and a return on equity of 15.14%. As a group, equities analysts predict that Fluor Co. will post 2.5 earnings per share for the current year.

Fluor Profile

Fluor Corporation provides engineering, procurement, and construction (EPC); fabrication and modularization; operation and maintenance; asset integrity; and project management services worldwide. The company operates through Energy Solutions, Urban Solutions, Mission Solutions, and Other segments. The Energy Solutions segment provides solutions to the energy transition markets, including asset decarbonization, carbon capture, renewable fuels, waste-to-energy, green chemicals, hydrogen, nuclear power, and other low-carbon energy sources.